Blockbuster Offer Withdrawn, Shareholders Rejoice

By

David Gaffen

Jul 2, 2008 8:58 am ET

Finding yourself unwanted lately? To paraphrase Don Vito Corleone, Blockbuster Inc. told the market today what everyone else already seemed to know. And for shareholders (those that are left, anyway), this is good news, as the stock is galloping higher after the movie-rental chain said it withdrew its $1 billion-plus offer to buy Circuit City […]

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